GBP/EUR Bullish Momentum With A 1% Jump In The Last 10 Sessions

(VIANEWS) – GBP/EUR (GBPEUR) has been up by 1.42% for the last 10 sessions. At 12:07 EST on Thursday, 11 May, GBP/EUR (GBPEUR) is $1.15.

GBP/EUR’s yearly highs and lows, it’s 5.891% up from its 52-week low and 4.496% down from its 52-week high.

Volatility

GBP/EUR’s last week, last month’s, and last quarter’s current intraday variation average was 0.28%, 0.10%, and 0.28%, respectively.

GBP/EUR’s highest amplitude of average volatility was 0.35% (last week), 0.26% (last month), and 0.28% (last quarter), respectively.

Forex Price Classification

According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, GBP/EUR’s Forex is considered to be oversold (<=20).

News about

  • Usd/jpy bulls cross 135.00 as boj’s ueda defends monetary policy inaction, yields rise. According to FXStreet on Tuesday, 9 May, "A clear rebound from the 21-DMA and a six-week-old ascending support line, respectively near 134.50 and 133.90, redirects USD/JPY buyers toward the 200-DMA resistance of around 137.00 by the press time."
  • Usd/jpy forecast: continues to see buyers on dips – 09 May 2023. According to DailyForex on Tuesday, 9 May, "The Yen is Likely to Continue Losing GroundDespite this, the USD/JPY chart indicates that the Japanese yen will continue to lose ground against the US dollar.", "The USD/JPY pair remains heavily influenced by the interest-rate differential between the US and Japan. "
  • Usd/jpy remains depressed around 135.00 mark, modest USD strength limits losses. According to FXStreet on Tuesday, 9 May, "The Japanese Yen (JPY) gets a minor lift in reaction to hawkish-sounding remarks by the Bank of Japan (BoJ) Governor Kazuo Ueda, which, in turn, exerts some downward pressure on the USD/JPY pair. ", "The USD/JPY pair retreats from a four-day high, around the 135.30-135.35 region touched earlier this Tuesday and extends its steady intraday descent through the first half of the European session. "
  • According to FXStreet on Tuesday, 9 May, "At the time of writing, USD/JPY is trading modestly flat at around 135.15, as investors digest the above comments."
  • According to FXStreet on Tuesday, 9 May, "The news allows USD/JPY to extend the latest gains past 135.00, around 135.20 by the press time as it prints three-day uptrend. "

More news about GBP/EUR (GBPEUR).

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